BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.079%

Price spread now: Pacifica against dYdX+0.006%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on dYdX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.410%−$41 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.006%, 7d avg +0.032%

Together, before fees−0.356%+ Points / potential airdropPacifica: Active · farm board−$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.026% cheaper against dYdX than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.032%). If the spread goes back, that is −$3 on $10k: about 3.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.410%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	786.61	0.0073	pay 0.0009% / 1h	52m 35s	$159K	$62K	10x
Short	Pacifica BNB	786.66	0.0100	get 0.0013% / 1h	52m 35s	$1.2M	$934K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee PacificabpOrdersPrice spread, now +0.006%Rate

Funding earned: $5.76
Price spread: +0.006% → +0.032%: −$2.62
Slippage, 4 orders: −$36.07
Fee dYdX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$50.92
Costs to cover: 0.541%
Break-even: 68.9 days

Slippage from dYdX: live order book, 51 min ago; Pacifica: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy dYdX live order book, 51 min ago	11.56 bp	21.1 bp −$21	41.5 bp −$415	70.2 bp −$7,015	274.3 bp −$137.2K
Sell Pacifica live order book, 1 min ago	0.89 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0170% / S +0.0337%	1h	786.24	−0.047%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.81	+0.025%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	786.29	−0.041%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	787.08	+0.059%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.27	−0.043%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.349%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0046%	8h	786.45	−0.021%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0048%	8h	787.03	+0.053%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0056%	8h	787.60	+0.126%	$81.1M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0056%	8h	787.00	+0.050%	$489.1M	$821.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USDlong	+0.0073%	1h	786.61	long leg	$159K	$62K	10x
Phemex BNBUSDT	+0.0078%	8h	786.89	+0.035%	$68.7M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.62	+0.001%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	787.08	+0.059%	$169K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.25	−0.046%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.16	+0.070%	$51.5M	$17.7M	10x	as long as short
Pacifica BNBshort	+0.0100%	1h	786.66	+0.006%	$1.2M	$934K	20x
Bybit BNBUSDT	+0.0100%	8h	786.42	−0.024%	$138.3M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.30	−0.040%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	+0.011%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.40	−0.027%	$38.1M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.11	−0.064%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.20	−0.052%	$76.4M	$31.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.81	+0.025%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.70	−0.115%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.65	+0.005%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.75	+0.017%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.44	−0.022%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.29	−0.041%	$264K	$449K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.41	−0.026%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.78	+0.022%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.50	−0.014%	$387K	$976K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.98	+0.046%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.87	+0.033%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.05	−0.072%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.32	−0.037%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	787.43	+0.104%	$564K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	786.70	+0.011%	$171K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0176%	8h	786.80	+0.024%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.73	+0.015%	$1.5M	$145K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.01	+0.051%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0230%	1h	786.88	+0.034%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	787.07	+0.058%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.20	−0.053%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	786.73	+0.015%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	786.98	+0.047%	$67K	$39K	12x	as long as short